Commercial Sale See Remarks for sale in Tow TX 78672 for $1,500,000 

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1001 Lakeshore LOOP
Tow, Texas TX 78672
Price: $1,500,000
Listing ID 2672602
Status Active
SqFt 11,975
Acres 1.923
Year Built 1958

Property Description:

Ready to invest in your future and escape the hustle and bustle of big city living? The lakefront sunrises and sunsets at Paradise Point will enchant your senses like never before. This 1.97+/- acre waterfront fishing camp boasts over 733 feet of shoreline on Lake Buchanan and unmatched views. The resort is quietly nestled at the end of the street and then expands to include the entire point on the lake. The water frontage ranges from tall rock ledges to a sandy beach, tree-lined to deep water. The point provides serene panoramic views of the lake and surrounding hills. The camp includes 2 cabins, caretakers home, apartment, 5-unit motel, 2 duplexes, boat slips, covered fishing dock, café, minnow shed, outbuildings, community boat ramp, community beach and voluntary HOA. Each unit varies on accommodations. Paradise Point Resort has operated as a family-run destination for over 50 years and has hosted multiple generations of repeating annual guests. Fishing, swimming, boating, lodging and camping are just some of the activities you'll enjoy. Local fishing guides frequent this area and tout the Point as one of the best kept secrets for reeling in crappie, bass, striper and catfish. Serve your guests breakfast at the café and enjoy coffee with the sunrise, send them out for a day's fishing with a sack lunch, and then welcome them back for dinner that evening with the sunset. Short term rentals, multi-family, resort, AirBNB are possibilities here. Whether you choose to continue running the fishing resort or develop it into your own dream property, you'll find your own little piece of paradise here!

Primary Features

County: Llano
Price Before Reduction: 1750000
Price Reduction Date: 2024-02-15T00:13:29+00:00
Property Sub Type: See Remarks
Property Type: Commercial Sale
Subdivision: Paradise Point
Year Built: 1958

Interior

Building Features: See Remarks
Cooling Type: Electric, Wall/Window Unit(s)
Flooring: Carpet
Heating Type: Electric, Varies by Unit

Location

Country: US
Extra Territorial Jurisdiction: No
MLS Area Major: LL

Additional

Building Area Source: Appraiser
Current Use: Commercial, Hotel/Motel, Multi-Family, Recreational, Restaurant
Green Energy Efficient: None
Green Sustainability: None
Habitable Residence: no
Intermediary: yes
MLS Status: Active
Operating Data Year: 2021
Other Equipment: Varies by Unit
Property Match: APN
Security Features: None
Year Built Source: Public Records

Financial

Acquistion Inclusion: Building & Land, Furniture, Inventory
Buyer Incentive: None
Current Price/Lot Size SqFt: 17.91
Disclosures: Lead Base Paint Addendum, Seller Disclosure
Estimated Taxes: 8495
Existing Lease Type: None
Financial Data Source: Owner
Leasable Area: 7042
Listing Terms: Cash, Conventional
Possession: Close Of Escrow, Funding
Restrictions: Deed Restrictions
Special Listing Conditions: Standard
Tax Assessed Value: 618846
Tax Block: 8
Tax Lot: 12
Tax Rate: 1.37274
Tax Year: 2023

External

Attached Garage: no
Construction Materials: Wood Siding
FEMA Flood Plain: Yes-100 yr
Foundation Details: Pillar/Post/Pier, Slab
Garage: no
Horse: no
Loading: None
Lot Size Area: 1.9227
Lot Size Source: Appraiser
Lot Size Square Feet: 83752.81
New Construction: no
Number Of Buildings: 7
Other Structures: See Remarks
Parking Features: Boat, Carport, Direct Access, On Site, Parking Lot, Unpaved
Parking Ratio: 5
Parking Total: 40
Property Condition: Resale
Road Surface Type: Gravel
Sewer: Septic Tank
Utilities: Above Ground, Electricity Connected, Propane, Water Connected
View Type: Lake, Water
Water Source: Public
Waterfront: no

Zoning Info


Property listed by Keller Williams Realty Lone St
© 2024 Austin Board of Realtors/ACTRIS MLS. All rights reserved. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS® (ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. Content maintained by the Board or ACTRIS may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated on Friday, March 29th, 2024.

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